The Minister of Power, Adebayo Adelabu, has said the Federal Government is still paying subsidies on electricity despite the recent hike in tariff for Band A customers.
Speaking in an interview on Channels Television’s Politics Today on Thursday, he explained that the government has about N1.8 trillion to pay in electricity subsidy for 2024.
According to him, “the Electricity Act, 2023 made provisions for the review of tariff twice a year.”?
He added that review of tariff is legal once it is within the exclusive responsibility of the Nigerian Electricity Regulatory Commission, NERC, stressing that the Act provides for review twice a year, every six months.
The Minister said if the government has been paying the tariff at the same level in the last two years, it logically means that someone has been paying the burden of the increases.
